Monday, June 7, 2010

Daily Business Update from the Boston Globe

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Monday, June 7, 2010

Javelin gets July court date in Hospira suit
Associated Press Javelin Pharmaceuticals' lawsuit against Hospira Inc. will go to court on July 26, the company said today. Hospira announced in April that it would buy Javelin, but has since said the conditions necessary to go forward were not...

CombinatoRx gets $500k payment on pinkeye drug
Associated Press CombinatoRx Inc. said today that it received a $500,000 payment from Sanofi-Aventis after the French drugmaker started a mid-stage clinical trial of a drug candidate designed to treat pinkeye caused by allergies. Sanofi-Aventis' Fovea division made the payments...

Campaign seeks to alert homeowners to loan scams
By Jenifer B. McKim, Globe Staff The state wants to educate homeowners who are vulnerable to loan scams because they are desperate to keep their properties out of foreclosure. A new campaign being launched today is aimed at steering homeowners...

Rep. Markey holds hearing in Louisiana
At a hearing today in Chalmette, Louisiana, Massachusetts congressman Edward J. Markey said that this week he will introduce an "Oil SOS bill" that will require companies to fund research and development for upgraded safety and cleanup tools, "so that...

Mass. Senate plans public hearing on casino plan
Associated Press Backers and foes of Massachusetts casino gambling will get their chance to weigh in at a public hearing at the Statehouse this week. The Massachusetts Senate has scheduled a 1 p.m. hearing on Tuesday on a plan to...

Cambridge approves life sciences center
An ambitious life sciences center planned for Kendall Square has received final zoning approval from the Cambridge Planning Board, according to the developer. The development, known as the Binney Street Project, covers 11.3-acres on both sides of Binney Street, just...

Genzyme adds Fenton to board
Associated Press Biotechnology company Genzyme Corp. said today that it nominated Dennis Fenton for the board of directors, expanding it to 11 members. Fenton, 58, was executive vice president of operations at Amgen Inc. when he retired from that biotech...

Emprix buys Italian firm
Globe Staff Empirix Inc., which provides service quality assurance solutions for new IP communications, today said it has acquired privately-held Mutina Technology S.p.A., an Italy-based provider of monitoring surveillance and analysis technologies. The acquisition of Mutina expands Empirix's product line...

RI house panel to take up gambling bill again
Associated Press A bill allowing full-scale casino gambling in Rhode Island heads to another committee hearing this week. The House Finance Committee has scheduled a hearing Tuesday on the bill, which would permit the state's two licensed slot parlors to...

Medical device makers: New tax will cost jobs
Associated Press Medical device manufacturers are bristling over a key provision in the nation's new health care law which they say forces them to shoulder an unfair cost of expanded insurance coverage. A 2.3 percent excise tax on companies that...

ArQule says drug could help lung cancer patients
Associated Press Biotechnology company ArQule Inc. said its potential lung cancer drug did not meet a key goal in a midstage study, but results show it may benefit a sub-group of patients. The company, based in Woburn, Mass., said a...

Today in Globe Business
HOUMA, La. ? On Friday, Day 46 of the Gulf oil spill, Maine Maritime Academy graduates David Kendall and James Ramsay sat at their computers, trying to find more boats to help skim oil from the ocean?s surface and coordinate the ones already working offshore.

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